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Investor's fortune and the role of lipper in determining unit trusts performance differential

This study examines the ability of Lipper ratings in dif erentiating and segregating unit trust funds from the lowest performer to the highest performer category. A sample of 68 Malaysian unit trusts from December 2000 to November 2010 were selected and analysed. Using the Jensen’s alpha and Fama...

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Main Authors: Ahmad Ridhuwan Abdullah, Mohd Zulkifli Muhammad, Zakiah Hassan, Siti Salwani Abdullah, Razman Hafifi Redzuan
Format: Conference or Workshop Item
Language:English
Published: 2013
Online Access:http://discol.umk.edu.my/id/eprint/9064/1/Conference%203.pdf
http://discol.umk.edu.my/id/eprint/9064/
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id my.umk.eprints.9064
record_format eprints
spelling my.umk.eprints.90642022-05-23T12:20:13Z http://discol.umk.edu.my/id/eprint/9064/ Investor's fortune and the role of lipper in determining unit trusts performance differential Ahmad Ridhuwan Abdullah Mohd Zulkifli Muhammad Zakiah Hassan Siti Salwani Abdullah Razman Hafifi Redzuan This study examines the ability of Lipper ratings in dif erentiating and segregating unit trust funds from the lowest performer to the highest performer category. A sample of 68 Malaysian unit trusts from December 2000 to November 2010 were selected and analysed. Using the Jensen’s alpha and Fama-French 3-factor model, this study provides evidence on performance dif erential between funds in each rating categories. The result shows that the highest rated funds, second to highest and third to highest significantly outperformed the lowest rated funds especially in a longer investment period. This result indicates that Lipper rating system is able and useful in identifying the lowest to highest performance funds. 2013 Conference or Workshop Item NonPeerReviewed text en http://discol.umk.edu.my/id/eprint/9064/1/Conference%203.pdf Ahmad Ridhuwan Abdullah and Mohd Zulkifli Muhammad and Zakiah Hassan and Siti Salwani Abdullah and Razman Hafifi Redzuan (2013) Investor's fortune and the role of lipper in determining unit trusts performance differential. In: Proceedings of the 2nd Applied International Business Conference (AIBC 2013), 07- 08 Disember 2013, Universiti Malaysia Sabah, Kota Kinabalu, Sabah. (Unpublished)
institution Universiti Malaysia Kelantan
building Perpustakaan Universiti Malaysia Kelantan
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Kelantan
content_source UMK Institutional Repository
url_provider http://umkeprints.umk.edu.my/
language English
description This study examines the ability of Lipper ratings in dif erentiating and segregating unit trust funds from the lowest performer to the highest performer category. A sample of 68 Malaysian unit trusts from December 2000 to November 2010 were selected and analysed. Using the Jensen’s alpha and Fama-French 3-factor model, this study provides evidence on performance dif erential between funds in each rating categories. The result shows that the highest rated funds, second to highest and third to highest significantly outperformed the lowest rated funds especially in a longer investment period. This result indicates that Lipper rating system is able and useful in identifying the lowest to highest performance funds.
format Conference or Workshop Item
author Ahmad Ridhuwan Abdullah
Mohd Zulkifli Muhammad
Zakiah Hassan
Siti Salwani Abdullah
Razman Hafifi Redzuan
spellingShingle Ahmad Ridhuwan Abdullah
Mohd Zulkifli Muhammad
Zakiah Hassan
Siti Salwani Abdullah
Razman Hafifi Redzuan
Investor's fortune and the role of lipper in determining unit trusts performance differential
author_facet Ahmad Ridhuwan Abdullah
Mohd Zulkifli Muhammad
Zakiah Hassan
Siti Salwani Abdullah
Razman Hafifi Redzuan
author_sort Ahmad Ridhuwan Abdullah
title Investor's fortune and the role of lipper in determining unit trusts performance differential
title_short Investor's fortune and the role of lipper in determining unit trusts performance differential
title_full Investor's fortune and the role of lipper in determining unit trusts performance differential
title_fullStr Investor's fortune and the role of lipper in determining unit trusts performance differential
title_full_unstemmed Investor's fortune and the role of lipper in determining unit trusts performance differential
title_sort investor's fortune and the role of lipper in determining unit trusts performance differential
publishDate 2013
url http://discol.umk.edu.my/id/eprint/9064/1/Conference%203.pdf
http://discol.umk.edu.my/id/eprint/9064/
_version_ 1763304053861777408
score 13.211869

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